Seven Eight Capital LP Acquires New Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA)

Seven Eight Capital LP bought a new position in Zeta Global Holdings Corp. (NASDAQ:ZETA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,331 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its stake in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares in the last quarter. Amalgamated Bank boosted its holdings in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Zeta Global in the 2nd quarter valued at $105,000. Finally, nVerses Capital LLC grew its position in shares of Zeta Global by 1,900.0% during the 2nd quarter. nVerses Capital LLC now owns 12,000 shares of the company’s stock valued at $212,000 after purchasing an additional 11,400 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Zeta Global stock opened at $28.94 on Monday. The firm has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $17.62. Zeta Global Holdings Corp. has a twelve month low of $7.38 and a twelve month high of $29.28. The company has a market capitalization of $6.33 billion, a PE ratio of -27.30 and a beta of 1.26. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.32) earnings per share. Research analysts expect that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ZETA shares. Canaccord Genuity Group lifted their price objective on Zeta Global from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada boosted their price objective on Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Oppenheimer upped their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. Finally, Barclays increased their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $29.75.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.